The new Automated Trading System (ATS) of the Stock Exchange of Mauritius (SEM) is set to “go live” on 13 May 2022. Securities and Trading …
GMEX Group is leading in plans to launch a revolutionary blockchain exchange platform in Mauritius with MINDEX Holdings Limited (MINDEX) linked to Mauritius International Derivatives and Commodities Exchange and Hybrid Stock Exchange Corporation Limited (HYBSE).
Hirander Misra, CEO of GMEX Group, says blockchain will start changing securities exchanges in the next 2 years as regulation, custodians, etc all improve. The bar is getting higher to set up an exchange”.
Traditional assets under management in 12 African countries were $634bn in 2014, set to reach $1.1trn in 2020 (PwC). South Africa’s $124bn GEPF is the biggest but many other fast-growing African funds are also investing in infrastructure and private equity.
A round-up of recent African IPOs and other listings, many over-subscribed, shows demand and innovation – Namibia scored its first SPAC and Mauritius listed GDRs.
Malawi came out as Africa’s top-performing exchange to USD-based investors over 2013 with a strong 62.4% return. Eight out of 13 African exchanges beat the S&P 500.
The first offshore company was approved to be listed for trading on the Stock Exchange of Mauritius. Evisa Investments Ltd, which has invested in Kenyan insurance, has a Global Business Licence Category 1, approved by the Mauritius Financial Services Commission.
The dynamic Stock Exchange of Mauritius is pushing ahead with building itself as a secure base for international funding transactions and an African alternative to international listing venues. It is moving to becoming a multi-product exchange aimed at the international market.
I have the honour to be published on the opinions section of the Royal African Society website and the article can be seen along with their excellent blogs I also reprint the article, which is meant to spark debate, and I welcome your comments – is it time for change and what is the way forward?
African exchanges could grow dramatically in both market capitalization and turnover in the coming decade, following the explosive trends already charted by the Indian and Chinese markets. This was the view of Sunil Benimadhu, President of the African Stock Exchanges Association (ASEA), speaking at an African investment conference organized by stockbroker Securities Africa in London on 14 March.